Each one in plain English, with the numbers worked through for a shareholder.
12 Mar 2019resource reserve update▲ GoodMajor
Carlton resource rises 38% in three months to 1.1Mt @ 1.3% Li2O, 42% Indicated, lifting the Finniss total to 8.85Mt @ 1.3%. Hang Gong and Lees-Booths Link updates are expected before the DFS. Construction is now targeted Q3 2019, with production early 2020.
1 Mar 2019admin correction● Neutral
5,000,000 unquoted options lapsed on 28 February 2019 (half at 12.5c, half at 15c). It is an administrative update with no cash impact; shares on issue are shown as 694.5M.
1 Mar 2019drilling result▲ GoodMajor
Diamond drilling found a new 26m spodumene pegmatite just 15m west of the Carlton orebody. It will not be in the initial DFS. A Carlton resource update is due next week, with more drilling in mid-Q2 2019.
28 Feb 2019drilling result▲ Good
New Lees-Booths Link results include 4m @ 1.50% Li2O and Hang Gong 8m @ 1.90%. Drilling has stopped for the wet season. Carlton update due next week; Hang Gong and the maiden Lees-Booths resources are now expected in March, slipping from January.
28 Feb 2019half year report● Neutral
Half-year to 31 December 2018 shows a net loss of $1.07M, against $1.33M a year earlier. The report says $2.4M was raised through a placement in the period. No other figures are readable in the text provided.
20 Feb 2019investor presentation● Neutral
Conference presentation by the Managing Director at Lithium Mine to Market in Perth. The text provided is mainly disclaimers and cautionary notes and shows no new information.
18 Feb 2019director officer appointment▲ GoodMajor
Simon Iacopetta is appointed CFO from early March, filling the role left after Erik Palmbachs died in Nov 2018. A metallurgical advisor and project manager were also appointed, and a marketing manager is being sought. Resolves the CFO thread.
31 Jan 2019resource reserve update▲ GoodMajor
Maiden Hang Gong resource of 1.4Mt @ 1.2% Li2O (Inferred) lifts the Finniss total to 8.55Mt @ 1.33%, from 7.1Mt. An Exploration Target of 3-5Mt is also flagged, which is conceptual. The DFS may not include all the new resources.
24 Jan 2019contract award▲ GoodMajor
Primero is preferred EPC/FEED contractor, Lucas TCS for mining and Qube for haulage. These are preferred status only; final awards follow the DFS and project financing. First production is still targeted for end-2019.
21 Jan 2019material agreement▲ GoodMajor
Core was granted a 20-year Mineral Lease for Grants, the first lithium lease in the Northern Territory, three months earlier than expected. It resolves the lease application lodged in Oct 2017. DFS is due end of March quarter; first production still targeted end-2019.
16 Jan 2019capital raising announcement▲ Good
The $3M placement at 5c is complete, with the balance of funds received. Yahua and Ruifu-linked parties took $1.5M. A final 12M shares were issued, bringing shares to 693.9M. Resource drilling resumed, with new estimates due by end of January.
20 Dec 2018drilling result▲ Good
Lees-Booths Link assays include 13m @ 1.46% Li2O, with 9 of 10 holes mineralised over 1km strike. Hang Gong's last 4 holes were mostly unmineralised, but one hit 6m @ 0.89%. Maiden resources for both are due in January.
18 Dec 2018resource reserve update▲ GoodMajor
Maiden Carlton resource of 0.79Mt @ 1.3% Li2O lifts the Finniss total to 7.1Mt @ 1.4% Li2O, from 6.3Mt. Hang Gong and Lees-Booths estimates are due in January. Grants mining lease is expected within a month.
13 Dec 2018drilling scheduled▲ Good
Resource expansion and infill drilling restarted at Hang Gong and Lees-Booths Link, funded by the recent placement. A Carlton resource is due within days, with Hang Gong and Lees-Booths in January. The Grants mining lease is now expected within a month.
10 Dec 2018capital raising announcement● NeutralMajor
Placement of about 60M shares at 5c raises about $3M, including $1.5M from Yahua and Ruifu. Funds go to the feasibility study and resource drilling. The expanded DFS is now targeted for late Q1 2019. Ruifu binding deals still pending.
What it means for a shareholder
60.0m new shares at $0.050 to raise about $3.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
6 Dec 2018capital raising announcement● NeutralMajor
The feasibility study, due late November, is delayed to include the expanded resources and a possible higher-grade product. Yahua and Ruifu commit $1.5M at 5c within up to $4M planned. Binding Ruifu deals now expected Q1 2019; construction timetable unchanged.
29 Nov 2018resource reserve update▲ GoodMajor
Maiden Sandras resource of 1.3Mt @ 1.0% Li2O lifts the Finniss total to 6.3Mt @ 1.4% Li2O, from 5.04Mt. Sandras is lower grade than Grants and BP33. More resources are planned over the next 2 months.
27 Nov 2018drilling result▲ Good
Carlton returned 24m @ 1.15% Li2O and 17m @ 1.34%; Hang Gong showed shallow stacked pegmatites. Maiden resources for Carlton due within 2 weeks and Sandras, Hang Gong and Lees-Booths over 2 months. Both sit within 1.5km of Grants.
19 Nov 2018director officer appointment▼ Bad
CFO Erik Palmbachs, appointed only on 26 September 2018, died suddenly after a cardiac arrest. The company has not said who will replace him; Jarek Kopias remains Company Secretary.
12 Nov 2018drilling result▲ Good
All 10 step-out holes between Lees and Booths hit pegmatite 6-23m thick over 1,000m of strike, supporting a link between the two prospects. No assays yet; spodumene estimated visually. More infill drilling planned toward a resource estimate.
12 Nov 2018admin correction● Neutral
Name change from Core Exploration to Core Lithium Ltd is now registered with ASIC, following the 8 November shareholder vote. ASX code stays CXO. A formality reflecting the shift to development.
6 Nov 2018resource reserve update▲ GoodMajor
BP33 resource upgraded 51% to 2.15Mt @ 1.5% Li2O, now partly Indicated (0.63Mt) rather than all Inferred. Finniss total rises to 5.04Mt @ 1.5% from 4.31Mt. Core says it is negotiating further offtake and prepayment deals; DFS due late November.
1 Nov 2018drilling result▲ Good
New regional results: Sandras 24m @ 1.02% Li2O and Lees 11m @ 1.66%; Booths was narrower, with 6m @ 1.03%. A Sandras maiden resource is expected in November and the BP33 update within a week. DFS still due in Q4 2018.
26 Oct 2018other● Neutral
Letter inviting shareholders to a free day at the Technology & Low Emission Minerals Conference in Perth on 14 November, where the MD presents. Promotional and administrative; no new project information.
24 Oct 2018investor presentation● Neutral
Benchmark Cathodes conference presentation on the Finniss project. Text provided shows only disclaimers and cautionary notes, repeating known facts. No new information.
22 Oct 2018resource reserve update▲ GoodMajor
Grants resource upgraded 42% to 2.89Mt @ 1.5% Li2O, with two-thirds Measured or Indicated. Finniss total now 4.31Mt @ 1.4%, up from 3.45Mt. DFS remains on track for late November 2018; mining targeted mid-2019, first production late 2019.
12 Oct 2018resource reserve update▲ GoodMajor
Napperby uranium re-estimated to JORC 2012 at 9.54Mt @ 382ppm U3O8 (8.03Mlb), up from the historic 9.34Mt @ 359ppm. Core says multiple parties have expressed interest and will now engage on a sale or partial sale, keeping focus on lithium.
27 Sept 2018annual report● Neutral
Administrative filing of the Appendix 4G and 2018 Corporate Governance Statement with the annual report. No substantive new information in the text provided.
27 Sept 2018annual report● Neutral
2018 annual report. Its resource table repeats the existing Finniss resource of 3.45Mt @ 1.4% Li2O (50,000t contained), up from 1.80Mt @ 1.5% in 2017. Text provided shows no new resource figures.
26 Sept 2018director officer appointment▲ Good
Erik Palmbachs appointed CFO, replacing part-time CFO Jarek Kopias (CFO since 2011), who stays as Company Secretary. Head office moved to Level 1, 366 King William Street, Adelaide. Fits the move toward development and production.
